Peso strengthens against the dollar

gamm2 (☼Travelguide writer) says on Jun 16, 2008, 16:00:

Simon says on Jun 16, 2008, 16:10:

Way to go Peso!!

"Just an honest, decent Colombian trying to do the right thing."--Simon

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expatriate says on Jun 16, 2008, 16:16:

The Peso strengthened pretty well today. From what I've read, the whole global financial situation is going to collapse in the next year or two. You should have shorted the Dollar since October 2006, and the rate of decline is accelerating.

Start collecting one ounce silver American Eagles. They are about $20 today, but someday if you have 500 of them, you'll be able to buy the average U.S. home. - http://www.apmex.com/Category/160/Silver_American_Eagles_Uncirculated_...

The Euro, the Colombian Peso, and the Dollar are backed by nothing except the hope that someone else will accept it as payment for what you are buying.

The Euro will go first, followed by Asian currencies, and finally the Dollar. Who knows where the COP fits in, but it is also backed by nothing. I'm talking months here, not years.

All of this is fully controlled by each government's central bank, called "The Federal Reserve Bank" in the U.S., even though it is not a part of the federal government, has no reserves, and is not a bank, but a private company.

The fact that the COP appears stronger, is that the Colombian central bank is not printing currency as fast as the U.S. and some other currencies. The U.S. is currently adding about 20% to its money supply yearly, which translates to about 20% inflation in reality. Enough for now. Buy physical silver, and don't sell it.

You better take care of me Lord, if you don't you're gonna have me on your hands.

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viajero123 (☼Travelguide writer) says on Jun 16, 2008, 16:20:

gamm2 check www.bodytech.com.co

Where are you working?

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yummyj says on Jun 16, 2008, 16:30:

Plain simple fact, dollars of any country weaken the closer it gets to an election. The dollar will slide until November, die the day before./of the election and bounce back the day after. That is the time to invest money. Short term. Then you have to wait and see what Obama does....good or bad....to make the dollar better or worse.

Just because you have been to Colombia, that does NOT mean that you are anywhere near an expert on the place. Sorry. Truth hurts.

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tejasmarcos says on Jun 16, 2008, 17:02:

those are bold statements, expat. care to illuminate us further?

trying to walk a straight line on sour mash and cheap wine...

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panthdave says on Jun 16, 2008, 17:27:

No Comment...this time...I get blasted on PBH when I talk about this subject

panthdave Miami

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paulr says on Jun 16, 2008, 17:35:

Why is it everyone seems to know everything that´s going to happen with the Peso, dollar & Euro, not everything you read is true.
Anyone predict that it would be $140 for a barrel of oil this time last year? Maybe the world bank did but i´m sure no-one here would be connected with them.. rot in hell if you are ha ha.

The only certain things in this life are death and taxes but i´m sure you already knew that.

Any chance of letting me know what the lottery number will be next weekend?

"the whole global financial situation is going to collapse in the next year or two" sell everything you have, bury your money and run for the hills until we´re all safe again!! no wait, don´t do that, buy everything you can!!, everything will be ok

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jun 16, 2008, 18:25:

i just found a large stash of older american dollars under the floor joist of his next real estate project in envigado. just ask catfish....

- anybody buying dollars right now?

trying to walk a straight line on sour mash and cheap wine...

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expatriate says on Jun 16, 2008, 18:57:

Morphus. You are not paying attention. Let me repeat in case you are high or uninformed.

"The U.S. is currently adding about 20% to its money supply yearly, which translates to about 20% inflation in reality." Ask any middle class U.S. citizen about his/her expenses.

Also, "start collecting one ounce silver American Eagles" could not be better advice. Silver is going up faster than gold because it is an industrial metal, which is being used up faster than it is being mined.

You better take care of me Lord, if you don't you're gonna have me on your hands.

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expatriate says on Jun 16, 2008, 19:05:

Morphus. Burning money is an idiotic idea. The best plan is to convert the paper cash into gold, or pay off some of the national debt. Otherwise, the U.S. is in deep doo doo.

Don't get me started on who actually owns the "Federal Reserve". I might want to visit the U.S. someday for a wedding or something, without being redirected to one of the hundreds of worldwide and U.S. based torture/slave labor camps like Guantanamo, which everyone knows (that studied the constitution in junior high) is unconstitutional.

That's all morphus. Spend a few years reading www.whatreallyhappened.com and learn something.

You better take care of me Lord, if you don't you're gonna have me on your hands.

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expatriate says on Jun 16, 2008, 19:14:

tomtom33, you are a sucker too. What do they say in the U.S.? Inflation is 2%? If you leave out driving, and eating, that might be true.

It is actually an excuse to keep the increase of Pension and Social Security payments down.

You better take care of me Lord, if you don't you're gonna have me on your hands.

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tejasmarcos says on Jun 16, 2008, 19:31:

the fed reserve is owned by the world banking elite and their puppet is bad ben. it's a great conspiracy to collapse the dollar and convert to Ameros. or is it?

trying to walk a straight line on sour mash and cheap wine...

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Nucknfuts says on Jun 16, 2008, 19:36:

Expatriate,
.I could not agree with you more !!!!
You are in the "know"...
I fortunately met an American doctor in Medellin in Sept. 2005 that was SO hep on silver
he told me all about the fundamentals. Well that led me down a path that consisted of buying as much silver as I could since then. And studying the world economies.
Fiat currencies are the biggest scam there ever was. Every fiat currency
( money backed by nothing more than a promise) has gone to it's true value ZERO... This goes back to the roman empire.
I highly recommend anyone interested read " Empire of dept" by Bill Bonner...
I bet you like Ron Paul too .........
Love ya guy's,
Tha Nuck

You are never lost, unless you don't want to be where your at.

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expatriate says on Jun 16, 2008, 19:56:

Thanks, Nucknfuts. I speak up when I have something serious to say, especially when it can help other expats. Yes, most people liked Ron Paul according to polls a few months ago, but the controlled media runs the election process in the U.S., so Mr. Paul is out of sight, out of mind now.

The U.S. media has chosen to present their favorite two candidates, and even then vote fraud is so widespread that the U.S. people get whomever the government of Israel wants, based upon the very powerful AIPAC lobby.

Everyone else, no hard feelings, but there is much to learn in little time. While apologizing, can anyone name an unbacked paper currency that has made it over 100 years?

I give you all of human history to research, taking all paper currencies and all nation states into account. Hint. You won't find any.

Buy physical silver.

You better take care of me Lord, if you don't you're gonna have me on your hands.

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wendell13 says on Jun 16, 2008, 20:13:

Buy all the gold and silver coins you want....just try using them when the current system collapses. It will be better to have guns. These coins won't be worth anything. The sky is falling.

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Saltador says on Jun 17, 2008, 09:33:

Peso is now 1650 to one dollar. Estoy llorando...

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Nucknfuts says on Jun 17, 2008, 11:21:

Gee let's see here ?
Started buying silver at low $7.00 now it's at $17.00 in 2 1/2 years..
Humm are you SURE it's such a bad investment ?????
Me thinks I'll stay with silver..
Tha Nuck

You are never lost, unless you don't want to be where your at.

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Nucknfuts says on Jun 17, 2008, 11:21:

Gee let's see here ?
Started buying silver at low $7.00 now it's at $17.00 in 2 1/2 years..
Humm are you SURE it's such a bad investment ?????
Me thinks I'll stay with silver..
Tha Nuck

You are never lost, unless you don't want to be where your at.

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Nucknfuts says on Jun 17, 2008, 13:27:

Sorry for the double post.
Don't know how it happened ???

You are never lost, unless you don't want to be where your at.

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Buongone says on Jun 17, 2008, 14:15:

Neo-Conservatives, Amareo, North Amr Union, Builderbergers? Pick who is running the show?

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expatriate says on Jun 17, 2008, 15:19:

Thanks for the support, Nucknfuts.

As for you, 1984, "Gold and silver will be useless". I cannot comment without insulting you in some way, so I'll just say that gold and silver have not been useless for thousands of years, and I see no evidence that the situation will change, especially with silver. It has also been used as common coinage in the U.S. as recently as 1964.

Not only is silver a precious metal but it is also used and consumed as a commodity. Silver has unique characteristics that are nearly invaluable for commercial use. Silver is used and consumed by all modern societies. It is used in medical supplies, photography, computer chips and in ever increasing aspects of our lives. Because most products such as a computer require a very small quantity of the metal in the finished product, the users of the metal will pay nearly any price for silver in a potential shortage. With great up and coming nations such as China and India with billions of new consumers, commercial demand for silver is yet one more extremely bullish factor to consider.

Silver has been in a supply deficit for approximately eighteen years, since 1990. This means every year above ground silver supplies have been diminishing. The only dynamic that can reverse this pattern is a higher price for an ounce of Silver. Only higher prices will encourage exploration and production for new metal to be brought to the market. This is an inevitable fact of a supply deficit. Either the price of silver will increase enough to raise production, or above ground supplies of silver will eventually run out. In the event the world were to run out of above ground silver, there would be no way to predict how high the price for an ounce of silver would rise until the situation is corrected. It is logical to expect a major computer manufacturer to be willing to pay nearly any price for silver in order to complete production of their finished product. Because the amount of silver in most finished products is very small, the price is considered very inelastic, meaning manufacturers will pay whatever it takes to continue production of their products that require very little silver.

If you lived in Zimbabwe, don't you wish you would have bought some gold or silver a couple of years ago? All societies based upon unbacked paper money eventually go through that situation.

You better take care of me Lord, if you don't you're gonna have me on your hands.

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tejasmarcos says on Jun 17, 2008, 17:28:

http://minerals.usgs.gov/minerals/pubs/commodity/silver/silvemcs05.pdf

* this is a 2005 document

trying to walk a straight line on sour mash and cheap wine...

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SanDiegoSurf says on Jun 18, 2008, 08:47:

Holding USD is a far greater gamble than precious metals. Inflation is a great way for the feds to reduce their debt in real terms and also impose a hidden tax on the population. The currency is backed by nothing but their word and the real economic picture is doctored by gov statics (eg grossly manipulated cpi). Why have more faith in these corrupt clowns vs a source of wealth that has been in existence for several millennium ?

Anyone waiting for a reversal in the long term USD trend downward is in for some tough times.

Also any paper currency is at risk, so get used to worldwide inflation. Hard assets are the only safe haven (commodities and precious metals).

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Nucknfuts says on Jun 18, 2008, 10:28:

Very well put SanDiegoSurf,

With more and more nations depegging from the dollar and more and more places preferring Euros over the dollar things are a changing....
Iran said "We give them our oil and just give us pieces of paper"
What does that say to you ???
It speaks volumes to me.
One more very important tidbit, Last year the Federal reserve stopped reporting the M3
( That is how much new money is created ) Why did they stop reporting you ask ??
Thier explanation was " IT cost them too much money to figure it out ?"
If this is what they do for a living they SHOULD know exactly how much !!!
This is how they create money.
Highly reccommend very interesting video !!!!

http://video.google.co.uk/videoplay?docid=-466210540567002553&q=federa... reserve

You are never lost, unless you don't want to be where your at.

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SanDiegoSurf says on Jun 18, 2008, 12:19:

I know NF unbelievable, they print money out of thin air, yet claim reporting their misdeeds (ie publishing M3) is too expensive.. Mainstream media will eventually see the light, but it will be too late to jump ship by the time you hear this on CNBC. Fortunately there are still many instruments reasonably priced for those who act fairly soon.

Maybe we should buy timber futures to profit from all the money printing !

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Nucknfuts says on Jun 18, 2008, 16:36:

CNBC, CBS, FOX , ABC..news

I call them the "weapons of mass deception" ??????

The only one that is somewhat OK is the BBC...

Tha Nuck

You are never lost, unless you don't want to be where your at.

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sloopskipper says on Jun 18, 2008, 17:51:

Yep, if you listen to the BBC, Deutsche Wella, or Radio Nederlands you get a whole different slant on the news.

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expatriate says on Jun 19, 2008, 10:22:

It is so wonderful to have "1984" on ignore. May I suggest everyone try it?

You better take care of me Lord, if you don't you're gonna have me on your hands.

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tasco66 says on Jun 19, 2008, 11:32:

The new world currency is called "oil"

The trouble with free elections is, you never know who is going to win (Leonid Brezhnev)

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tasco66 says on Jun 19, 2008, 13:32:

You mean to say Faux news is not "fair and balanced"???

The trouble with free elections is, you never know who is going to win (Leonid Brezhnev)

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tasco66 says on Jun 19, 2008, 13:32:

You mean to say Faux news is not "fair and balanced"???

The trouble with free elections is, you never know who is going to win (Leonid Brezhnev)

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tasco66 says on Jun 19, 2008, 13:32:

You mean to say Faux news is not "fair and balanced"???

The trouble with free elections is, you never know who is going to win (Leonid Brezhnev)

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tasco66 says on Jun 19, 2008, 13:32:

You mean to say Faux news is not "fair and balanced"???

The trouble with free elections is, you never know who is going to win (Leonid Brezhnev)

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